Indian realty market has largely been stagnated since the past few years. Realizing this, the government has been striving in making the business environment more favourable through new policies, regulations and other initiatives, add to that the “Housing for All by 2022” and the launch of smart cities. Considering all these, industry experts at Modi Builders, among the top builders in Hyderabad, review that now is a good time to invest in Indian real estate.
The Indian government has been gathering momentum in overcoming the economic slump the country has been going through for the past couple of years. Real estate has been earmarked for all kinds of supports, as it is one of the few industries that contribute greatly to the nation’s economy.
Policies like the Model Tenancy Act ensures a secure renting experience, leading to a safe rental income scenario. In addition to this, lately, most small and mid-sized developers are approaching the top builders for joint ventures, adopting a more customer-centric approach. “At the same time, customers are leaning towards the credible and reputed developers who provide certainty in delivery and quality”, says an industry expert at Modi Builders.
Developers are launching housing projects, keeping customers’ needs at the forefront. Thus the sector is slowly being consolidated, making it a lucrative investment destination for the property buyers.
Additionally, notwithstanding the stagnancy in the real estate market, if one were to consider the annual inflation rates, the market prices of the current times are at discounted levels. What this implies is a lower rate of buying or investing in a house. As the government shifts its gear to supporting new investments, start-ups and businesses, chances are that the inflation rates might soar, inevitably affecting the cost of property.
When it comes to investments, there has been no better option than the real estate which offers the best bet – be it in the increment in rental incomes or appreciation in asset value, developers at Modi Builders review. Demonetization, implementation of RERA and GST, etc., have brought dynamic shifts in the real estate market, making it a secure, safe and transparent investment option.